The stock has already reached target mentioned in research report & has started correcting after touching psychological levels of 2000. Currently we are around technical support levels of 1700 and Q2 numbers should provide it direction for further movement.
Another FMCG company came with typical comment on Sanitizer market – the way it was envisioned, it hasn’t panned out that way. Their sanitizer product was great at the start but now sales down due to crowding of the market. Sanitizer contribution - Mid single-digit earlier now half of it.
If it is true for all other producers, we may loose thrust provided by covid to this sector.